What Do Hedge Funds Think of AVG Technologies NV (AVG)?

Due to the fact that AVG Technologies NV (NYSE:AVG) has witnessed a declination in interest from hedge fund managers, it’s easy to see that there were a few money managers that elected to cut their full holdings by the end of the third quarter. At the top of the heap, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital dropped the largest investment of all the hedgies watched by Insider Monkey, totaling close to $2.7 million in stock. Roger Ibbotson’s fund, Zebra Capital Management, also dropped its stock, about $0.4 million worth. These transactions are intriguing to say the least, as total hedge fund interest was cut by 2 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as AVG Technologies NV (NYSE:AVG) but similarly valued. We will take a look at Acorda Therapeutics Inc (NASDAQ:ACOR), CYS Investments Inc (NYSE:CYS), Government Properties Income Trust (NYSE:GOV), and WestAmerica Bancorp. (NASDAQ:WABC). All of these stocks’ market caps match AVG’s market cap.

As you can see these stocks had an average of 9.25 hedge funds with bullish positions and the average amount invested in these stocks was $71 million. That figure was $93 million in AVG’s case. Acorda Therapeutics Inc (NASDAQ:ACOR) is the most popular stock in this table. On the other hand Government Properties Income Trust (NYSE:GOV) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks AVG Technologies NV (NYSE:AVG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.